ConocoPhillips price target raised to $132 from $130 at Goldman Sachs

Goldman Sachs analyst Neil Mehta raised the firm’s price target on ConocoPhillips (COP) to $132 from $130 and keeps a Buy rating on the shares. The firm is updating its model with a mark-to-market commodity prices and incorporating the completed acquisition of Marathon Oil, the analyst tells investors in a research note. Goldman also notes that it is continuing to highlight the company’s strong track record of quarterly and operational execution across the asset base.